Through transparent and robust governance, we integrate sustainability into our business.
Sustainability is the enabling factor of our business management.
The fundamental principle that contributes to the definition of the Group’s strategic and operational decisions.
We integrate sustainability and business to grow responsibly over the long term, in line with the principles of respect for the environment, valuing people and interacting positively with the territories and communities in which we operate. Our governance system is strong and effective thanks to the work done in synergy by:
The Sustainability Committee
The Sustainability Committee advises and makes proposals to the Board of Directors in terms of strategy, planning and reporting on sustainability issues and acts to support sustainable development along the entire group value chain. In particular, its main tasks include examining and assessing:
- The sustainability policies aimed at ensuring the creation of value over time for all stakeholders in the medium-/long-term, with regard to the principles of sustainable development.
- the guidelines, objectives and processes of sustainability and the non-financial reporting submitted annually to the Board of Directors.
The function Sustainability
Our area of Sustainability area deals with:
- Ensure the definition of operational plans and tools to guarantee the implementation and development of the sustainability model by involving stakeholders in initiatives on the ground.
- To prepare non-financial reporting and internal reporting to monitor the progress of initiatives.
These two bodies, dedicated to the supervision and management of sustainability, are firmly embedded in our Group governance.
Sustainability policy and stakeholder engagement
This policy encapsulates our commitment to environmental, social and governance issues and supports us in integrating business and sustainability.
It represents a regulatory reference for all our all our stakeholders, alongside the Code of Ethics the Code of Ethics and other policies that guide our operations, such as the Anti-Corruption Procedure, the Group Environment, Health and Safety and Quality Policy and the Diversity Policy.
Our international commitment to a sustainable future
We believe that partnerships are a crucial tool for meeting today’s challenges and contributing substantially to energy transition goals at national and international level. This is why we invest in international alliances and participate in working tables with partners and experts.
We are partners of the Global Compact of the United Nations
Since 2018 we have been part of the United Nations Global Compact, the global initiative born 20 years ago that encourages companies around the world to develop their business in an ethical and sustainable way. It promotes the application of ten universal principles aimed at respecting human and labour rights, protecting the environment and combating corruption.
Joining the Global Compact means:
- Continuously strive to pursue the principles of the Global Compact with concrete actions and projects;
- Publish our Communication On Progress Communication On Progress (COP) annuallyit compiles the commitment, actions and results achieved during the year as a result of implementing the ten principles of the Global Compact. Our Integrated Report 2020 represents this document and describes Italgas’ commitment to the 10 universal principles of the Global Compact;
- Participate in working tables on socio-environmental issues;
- Ensuring constant monitoring of global best practices
We adhere to the Statement from Business Leaders for Renewed Global Cooperation to ensure a sustainable business model
In 2020, we signed the “Statement from Business Leaders for Renewed Global Cooperation”, signed by CEO Paolo Gallo. This important initiative, promoted on the occasion of the 75th anniversary of the United Nations, is part of the Global Compact for Fairer and More Inclusive Business activities. This Statement aims to reinvigorate the principles of inclusive multilateralism and cooperation worldwide, focusing on the three fundamental dimensions of ESG (environmental, social and governance). These goals and ideals are in line with our vision of sustainable business and that of leading international companies. The declaration was signed by more than 1,000 CEOs from every sector and country. This membership brings us closer to the key players in the sustainable future of the world and further demonstrates our commitment to ensuring an increasingly sustainable, transparent and inclusive business model.
We are joining the United Nations Environmental Oil and Gas Methane Partnership Initiative to reduce methane emissions along the supply chain
The Oil&Gas Methane Partnership (OGMP) is a voluntary initiative launched in 2014 by the United Nations Environment Programme (UNEP) and the Climate and Clean Air Coalition to guide companies towards significant reductions in methane emissions from the oil and gas sector.
In 2020, we confirmed our membership, also encouraged by the inclusion of the midstream and downstream sectors of the O&G supply chain, thus including natural gas transmission and distribution activities.
The aim of this initiative is to encourage member companies to adopt increasingly effective and incisive methods for the control, measurement and reduction of methane emissions. To this end, the OGMP commits participating companies to establish increasingly accurate protocols that will lead, in five years, to a 45% reduction in emissions by 2025, taking 2015 values as a basis, in line with the climate change emission reduction targets set by the COP21 conference in Paris.
But what does this mean in concrete terms for Italgas?
Through our voluntary membership, we have expressed a commitment to implement projects to monitor, reduce and report on key methane sources. As participants, we are called upon to report emissions data with an increasing degree of accuracy on five levels, starting with the overall figure for the plants operated calculated on the basis of standardised emission factors, to arrive, at the end of the last year, at precise information measured “in the field”, for each specific type of plant and material used by the company in carrying out its operations. This major effort is aligned with our environmental sustainability goals.
The first concrete date is scheduled for spring 2021, when we and all OGMP member companies will have to define and communicate to UNEP individual voluntary methane reduction targets for 2025.